How to Safely Buy Gold Nuggets On eBay Part 2
This is part 2 of how to buy gold nuggets on eBay, read part 1 here. Yesterday we learned how to determine a safe transaction for buying gold nuggets
For the educated gold nugget buyers, you are probably well aware of the different things that you need to do in order to make the most of your transactions. However, becoming a knowledgeable gold investor does take a little bit of work for those of you who aren’t quite there. There will be a distinct difference in the nuggets that you find, including whether they are natural or man made, as well as whether they are pure gold or happen to have quartz or other minerals mixed in with them. Make sure the listing explicitly tells you this information, so that you don’t get taken advantage of.
You should also know the differences in the prices of gold. For example, a 1-2 gram nugget should average around $40 per gram, while $125 should get you 3-5 gram nuggets, and 6-7 gram nuggets should average around $250 apiece. This all depends on the varying price of gold and that can change on a day to day basis.
Also, the value of gold nuggets can vary based on the overall look of the nugget. Unusual and pretty nuggets might cost more, while ugly and less desirable ones will be cheaper. Take the time to make sure that you’re buying something that you are in full understanding of, so that there is no disappointment or dissatisfaction on your end. When it comes to an asset like gold, even if it is only a nugget, you still need to protect yourself and your investment.
How to Buy Gold Nuggets On eBay Safely
Buying gold nuggets on eBay is a little different than buying gold coins on eBay. With gold nuggets there is no predetermined price and no face value as there is with coins. Plus there is also no definitive guide book so, the value of gold nuggets can be much more subjective. You have to know your stuff when searching for a purchase such as this.
One of the first rules of safety and security when shopping for anything on an auction site like eBay that can often lead to poor quality merchandise or scams perpetrated by individuals, is to be educated and prepared for whatever you are getting into. People are entitled to list their auctions on eBay at their own discretion, and they are more than capable of listing items inaccurately on purpose or by ignorance in order to get more money than they should for their items. You should be aware of gold measurements, gold quality and weights and sizes when you buy gold nuggets on eBay so that you can ensure that you’re getting exactly what you expect from your purchase.
Another way to ensure that you get a safe transaction on eBay is to make sure that you see a picture of the product. Believe it or not some people actually list items these days on eBay with no picture or a very low quality picture. A good picture of it next to a respective item, such as a dime, would be preferred. Many sellers have been known to list their items in a misleading way, so you should always be careful. For example, some will show a picture of the nugget next to a ruler. However, they’ll zoom in and only show you one number on the ruler, so that you can’t tell if the hash marks are ¼ inches or 1/8 inches. This doesn’t happen a lot, but it can.
You can also look at seller feedback to help you in your buying and investing endeavors. If a seller have hundreds of transactions and feedbacks and they, for the most part, are positive, then they probably can be trusted, but if there are lots of complaints, it is a fair bet that you want to stay away from them.
Come back tomorrow for part 2 on how to buy gold nuggets on eBay and keep watching the markets today.
Gold Hits A Record High
The gold bugs are out and will be especially on alert as today’s gold price hit an all time high of $1,354.40 per ounce on the Comex division of the New York’s Mercantile Exchange. Silver also saw a 30 year high today as well. Many people and wealthy investors are looking at gold to preserve their wealth in the more than likely coming economic earthquake.
While the world and the United States economy is faltering like it hasn’t since the great depression and our illustrious President Obama decides campaigning for a losing economic strategy is more important that doing anything to actually help us out of this disaster. Obama’s popularity has plummeted to an all time low and at the most dramatic rate for any newly elected President ever as was evident today when he had a book thrown at him while he blamed his self created economic woes on George W Bush instead of taking responsibility himself.
Where is the price of gold going? No one really knows, but as long as the Fed keeps printing money to try and stem the inevitable, gold will probably reach another record high soon. Are you prepared for disaster while the government sleeps?